newsletter: august 2019 - fpa neo · crowne plaza cleveland south—independence register now!...
TRANSCRIPT
Financial Planning Association of Northeast Ohio
1120 Chester Avenue, Suite 470 │ Cleveland, OH 44114
(216) 298-9095 │ Fax: (216) 696-2582
e-mail: [email protected] │ website: chapters.onefpa.org/northeastohio/
FPA NEO
Board of Directors
President:
Marissa Beyer, CFP®
President Elect:
Alexander Rupert, CFP®
Past President:
Elizabeth Scheiderer, CPP®
Treasurer:
Daniel O’Brein, CFP®
Secretary: Sharon Stadul
Membership: Kristine Brill
NexGen:
Robert Casarona, CFP®
Pro Bono:
Kimberly Murphy, CFP®
Advocacy:
Kenneth Paull, CFP®
Directors at Large:
Kimberly Florcosky, CFP® Natasha Kalas, CFP®
Newsletter:
August 2019
IN THIS ISSUE
President’s Message
Advocacy Update
Fall Symposium Preview
NexGen Updates
Membership Update
Partner Messages
2019 CALENDAR
September 19
Education Program Crowne Plaza Cleveland South—Independence
REGISTER NOW!
Topic #1
Update of 529 Plans
TBD, CollegeAdvantage
Topic #2
Medicare 101
Alicia Nighland, Ohio
Department of Insurance
October 8 Fall Social
Location TBD
October 24 Fall SYMPOSIUM
Corporate College East
November 19 Education Program
Crowne Plaza Cleveland South—Independence
View FPA NEO
Calendar Online here
View FPA National Calendar here
Membership Update By: Kristine Brill
I hope everyone is having a great summer! Thank you to those of who joined us at Merwin's Wharf last month for our summer social. We had about 50 attendees which allowed for some fun socializing in a great atmosphere! Our last (fall) social of the year will be on October 8th with the location TBD. If you have any prospective new members please feel free to email me their contact information. I'd be happy to reach out and invite them to our September meeting as my guest so they can experi-ence our dynamic group.
Annual Fall Symposium—Early Bird Registration Open September 3
By: Marissa Beyer, CFP®
It's hard to believe the year is half way over. Thank you for all the members that came to the summer social at Merwin's Warf. We had a great turnout and it was nice to see both new and old faces!
Your FPA board has been working hard on pro-gramming for the second half of the year and we are excited about the upcoming fall.
Please make sure if you have not already to save the date for our annual symposium which will take place Thursday, Octo-ber 24th at Corporate College East. As a reminder, our key note speak-ers will be Michael Kitces and David Lebovitz from J.P. Morgan Asset Management. We also have break out sessions in the afternoon with presentations on reverse mortgages, and habits of millionaires. Our fa-vorite, ethics expert Dan Candura, will be presenting at the same time as the break outs and is creating a new and interactive ethics presenta-tion for our group. The current schedule is below along with information about registration and continuing education.
For our November meeting, instead of doing an offsite location, we will be meeting on Tuesday, November 19th at the Crown Plaza. We are pleased to have The Cleveland Foundation as our guest speakers who will be doing a presentation on Donor Advised Funds.
If you have not had a chance to attend a meeting in awhile, now is the time. Our membership is at an all time high for the past 10 years at 340 members. Thank you helping our local chapter thrive. We hope to see you at a future event.
President’s Message
By: Marissa Beyer, CFP®
THANK YOU TO ALL
OUR 2019
PARTNERS!
Platinum Partner Dollar Bank
Gold Partner Charles Schwab Silver Partners
Alliance Bernstein American Advisors Group
American Heart Association Amundi Pioneer Asset
Management Brunswick Companies
Cavitch, Familo & Durkin Cleveland Foundation
College Advantage Green Bar Consulting
Hylant J.L. Thomas & Company
Johnson Asset Management The Kabb Law Firm
Legg Mason Nationwide Advisory
Solutions Sit Mutual Funds TD Ameritrade
Vanguard Financial Advisor
Services
NexGen Updates
By: Robert Casarona, CFP®
After starting the year with a few successful events, NexGen continued our momentum with another great Networking event at the Indians game. Both the game and the networking were successful, as we saw 20 young professionals make it out to watch our Indians beat the As-tros. Thank you for everyone that attended and made the event a suc-cess. This fall, we plan on holding an educational Happy Hour Event and our annual volunteering event. This year, we will be sorting books at the Cleveland Kids Book Bank. If you are interested in getting in-volved, keep an eye out for the announcements for both events.
Our annual symposium will take place on Thursday, October 24th at Tri-
Corporate College East. The board is very happy to release the sched-ule here for your review and point out a couple highlights!
Registration will open Tuesday, September 3 and an early bird dis-count of $25 will run until September 13. Regular registration will open September 14 until October 21 or when sold out. Pricing is as follows: FPA NEO Member: $195.00; Non-Members: $245.00; Full-Time Students: $75.00.
FPA NEO will request credit for these programs, which will total five hours of CE from the CFP® Board of Standards for CFP® designa-tion holders with the opportunity for 2 ethics credits. FPA NEO will also request credit for up to five hours of CE from the Ohio Depart-ment of Insurance (credit depends on which programs you attend. A general certificate of completion and one for CPA designees who feel the programs satisfy their continuing education requirements will also be available.
Symposium 2019 Schedule:
7:30 AM Registration / Exhibit Area Open / Breakfast
8:30 AM Welcome and Announcements
8:45 – 9:35 AM
“Five Industry Trends Reshaping Financial Advice” Michael Kitces (NO CE)
9:35 – 10:05 AM Break with Exhibitors
10:05 – 10:55 AM
“Guide to the Markets” David Lebovitz
(CE: 1 CFP®, CPA, OH Insurance)
10:55- 11:15 AM Break with Exhibitors
10:50 – 11:40 AM
“Advanced Roth Conversion Strategies” Michael Kitces
(CE: 1 CFP®, CPA, OH Insurance)
12:05– 1:30 PM Lunch
1:30 – 4:45 PM Exhibitor Area Open
CANDURA PROGRAMS
These sessions run simultaneously with the Breakout Sessions*
1:30 – 3:20 PM
New Standards for a Fiduciary World:
Understanding CFP® Board’s Revisions
Dan Candura, CFP® (2 CE: CFP® Ethics, CPA, OH Insurance)
3:50 – 4:40 PM
TBD
Dan Candura, CFP® (1 CE: CFP®, CPA, OH Insurance)
3:20 – 3:50 PM Afternoon Break with Exhibitors
BREAKOUT SESSIONS
These sessions run simultaneously with the presentations by Dan Candura listed above.*
Breakout #1 1:30 – 2:20 PM
“The Minds and Habits of Millionaires” Steve Benjamin, CEBS, CRPC, Sit Mutual Funds
(1 CE: CFP®, CPA)
Breakout #2 2:30 – 3:20 PM
“Integrating Home Equity into Retirement Strategies” Hank Sanders, American Advisors Group
(1 CE: CFP®, CPA, OH Insurance)
Breakout #3 3:50 – 4:40 PM
TBD
*Please note, you may choose to attend all or a combination of the Candura Pro-grams or Breakout Sessions. You will mark your preferences during registration.
Messages from our Partners
For information about Sit Mutual Funds, please contact Keith McFadyen at 630-235-0065 or [email protected].
About TD Ameritrade Institutional
TD Ameritrade Institutional empowers more than 6,000 independent registered investment advi-sors to transform the lives of their clients. We provide powerful technology and resources that help simplify running a business and let advisors do what matters most — spend time serving their clients. Through meaningful innovation, steadfast advocacy and unwavering service, we support RIAs as they build businesses that positively im-pact their clients and communities.
TD Ameritrade Institutional is a division of TD Ameritrade, Inc., member FINRA/SIPC, a broker-age subsidiary of TD Ameritrade Holding Corpora-tion.
Johnson Asset Management’s equity and fixed-income funds are distinguished by their low cost, academic foundation and long-term consistency. JAM mutual funds are managed with our institu-tional philosophy, we do not deviate from our process regardless of vehicle. Our highly disci-plined process is built on a foundation of both academic analysis and real-world experience. Both our equity and fixed income strategies aim to provide outperformance over the market in-dex with comparable volatility and greater down-side risk protection. By adhering to our unique and proprietary Quality Yield portfolio invest-ment approach, our investment strategies offer a track record of consistency. Contact: Irene Tsai, CFA, CFP®, ChFC®, CLU® 614.806.3867
The 7th Annual FPA Ohio Advocacy Day was a great success with over twenty FPA members from around Ohio attending! We kicked off our Ad-vocacy Day for 2019 with an evening welcome reception at the State House for Legislators and Ohio FPA members. This was a great oppor-tunity to casually meet with several Ohio Legislators that stopped by to learn about FPA Advocacy Day. We engaged in meaningful meetings with regulators, such as; the Director of the Ohio Dept. of Insurance, the offices of the Ohio Division of Securities, and the Director and Assistant Director of the Ohio Dept. of Commerce.
Advocacy Day for the FPA in Ohio allows its members to develop a work-ing relationship with Ohio Legislators by being a resource and providing critical insight for proposed financial legislation. We provide advocacy from a fiduciary perspective for Ohio investors. The main topics of dis-cussion on our agenda this year focused around (HB78/SB158) “Protecting Vulnerable Adults from Financial Exploitation” The FPA sup-ports this as our mission to provide fiduciary service to our clients and to protect their assets. We discussed that the bill includes immunity to advi-sors from civil & administrative liability for making disclosures to the gov-ernment. The second agenda item we reviewed in our meetings centered around the FPA’s position that we oppose taxation of Financial Planning Services on the state level. We concluded our discussions with our legis-lators reminding them how important pro-bono work is to the FPA and how it impacts the residents of the state of Ohio, the importance of being a Fiduciary and having appropriate regulation of financial planners and the use of the term.
The FPA Chapters of Ohio are appreciative of our relationships with Ohio lawmakers and are here to help clients and financial planning profession-als through our Advocacy efforts. Please do not hesitate to let us know how we may be of service in your efforts to improve the financial well-being of the citizens of Ohio! We would also like to thank Dollar Bank and SIT Mutual Funds for helping to sponsor the welcome reception at the State House. For information on attending FPA Ohio Advocacy Day in 2020 please contact Kenneth J. Paull, CFP® @ [email protected]
Advocacy Update
By: Ken Paull, CFP®